Look ahead: Powell; inflation; PPI; UK GDP; PepsiCo; Delta Airlines
Federal Reserve Chair Jerome Powell's remarks and crucial inflation prints are likely to offer equity traders more direction this week.
Watch out for UK monthly gross domestic product (GDP) readings as newly elected Keir Starmer begins his first full week as prime minister. PepsiCo is expected to show a rise in quarterly revenue.
Plus, Delta Airlines reports earnings in the same week it unveils a strategic partnership with Riyadh Air.
(AI Video Summary)
UK GDP and US inflation
In today's financial "Look ahead", key focus areas included upcoming economic events affecting markets, such as UK GDP and US inflation reports. Anticipation was high for Federal Reserve (Fed) chair Jerome Powell’s ongoing testimony and its potential impact on market sentiments, especially regarding interest rate movements. Equities were noted for their historical performance in July, suggesting a potential continuation of the bullish trend. The topic also shifts from macroeconomic indicators to corporate earnings, with an emphasis on US banks poised for favorable results.
Healthcare sector news
Another significant topic was healthcare, particularly the cost and impact of GLP-1 class drugs on public health and markets, with an undercurrent of regulatory and cost concerns. The discussion encapsulated a broad spectrum of financial elements from governmental economic strategies to specific stock performances, offering a comprehensive view for market enthusiasts.
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